Biodegradable plastic bags and sacks are created using materials that will allow the bags or sacks to completely decompose after a period of time. Most biodegradable plastic bags and sacks are said to decompose in three years, although many completely disintegrate in less time. The bags and sacks leave no discernible trace and are completely harmless to the environment. Biodegradable plastic bags and sacks require two key elements in order to decompose. The bags and sacks need to be exposed to oxygen and light. Therefore, biodegradable plastic bags and sacks do not start to decompose from the date of manufacture, only after they have been exposed to light and air. In consumption market, North America and Europe are the mainly consumption regions due to the bigger demand of downstream applications. In 2017, these two regions occupied 82.48% of the global consumption volume in total. Market Analysis and Insights: Global Biodegradable Plastic Bags and Sacks Market The global Biodegradable Plastic Bags and Sacks market is valued at US$ 851.2 million in 2019. The market size will reach US$ 1049.3 million by the end of 2026, growing at a CAGR of 3.0% during 2021-2026. Global Biodegradable Plastic Bags and Sacks Scope and Market Size Biodegradable Plastic Bags and Sacks market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Biodegradable Plastic Bags and Sacks market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2016-2027. Segment by Type Polylactic acid (PLA) Polyhydroxyalkanoate (PHA) Starch Blends Others Segment by Application Food Packaging & Industrial Packaging Convenient for Shopping Garbage Containing Others By Company BioBag Novolex EnviGreen BASF Plastiroll Sahachit Xtex Polythene RKW Group Abbey Polythene Sarah Bio Plast Bulldog Bag Symphony Polymers Jiangsu Torise biomaterials JUNER Plastic packaging By Region North America U.S. Canada Europe Germany France U.K. Italy Russia Asia-Pacific China Japan South Korea India Australia Taiwan Indonesia Thailand Malaysia Philippines Vietnam Latin America Mexico Brazil Argentina Middle East & Africa Turkey Saudi Arabia
1 Study Coverage 1.1 Biodegradable Plastic Bags and Sacks Product Introduction 1.2 Market by Type 1.2.1 Global Biodegradable Plastic Bags and Sacks Market Size Growth Rate by Type 1.4.2 Polylactic acid (PLA) 1.4.3 Polyhydroxyalkanoate (PHA) 1.2.4 Starch Blends 1.2.5 Others 1.3 Market by Application 1.3.1 Global Biodegradable Plastic Bags
